financial

Google has now announced their Q3 2014 earnings and unsurprisingly, revenue for the company is up year over year. This time around, reported consolidated revenues of $16.52 billion for the quarter ending September 30, 2014, amounting to an increase of 20 percent compared to the third quarter of 2013.

As Japanese tech giant Sony restructures its businesses, there are signs of more growing pains to come. The company revealed that it expects losses of ¥50 billion ($489 million) in the financial year ending March 2015, whereas analysts had predicted a net profit of ¥59 billion. The previous year saw the company lose ¥128.37 billion ($20.62 billion), and Sony's financial woes continue despite...

Korean electronics firm LG has announced its first-quarter financial results, revealing that it shipped 12.3 million smartphones in the first three months of 2014, a 19 percent increase year-on-year. That figure includes 5 million LTE phones, the most the company has shipped in a single quarter, up 79 percent from the same quarter in 2013. Revenues from LG's mobile business reached 3.41...

Google's first quarter 2014 results are in, and the company unsurprisingly made buckets of money. Revenue was up to $15.4 billion, a 19% increase from the same quarter a year prior. Earnings were also up, clocking in at $4.12 billion — 27% of revenues. That's an increase in the raw profit from last year, but also a drop in the share of revenue (it was 29% this time last year).

Sales down as company looks to mid-level devices
HTC has released its finalized financial results for the fourth quarter of 2013, showing that the struggling Taiwanese manufacturer avoided a second quarter of losses, but with a drop in revenue. Quarterly revenues were NT$42.9 billion, down from NT60 billion in Q4 2012, with net profits of just NT$310 million (around $10.2 million). EPS (...

1.7 million new customers, significant year-over-year increases in service and retail revenues
Verizon has today posted its earnings report for the fourth quarter of 2013, showing strong results for its wireless and wireline businesses. Focusing on the wireless side of the equation, Verizon enjoyed another strong quarter, continuing to add customers while increasing retail and service revenues...

Revenue up slightly from October, but latest numbers show year-on-year drop of more than 27 percent
HTC has this morning released its unaudited revenue figures for November 2013, showing that it brought in NT$15.47 billion ($523 million) in the last month. That's a 3.18 percent increase on October's revenue — NT$14.99 billion ($507 million) — but a steep decline of 27.12 percent year-on-year....

We tend to focus on the wrong numbers, but even the right ones don't look so good
HTC this week announced unaudited Q1 headline numbers, with sales of NT$42.8 billion, or about US$1.43 billion. Unaudited operating income was NT$43 milllion, which means the company is pretty much at breakeven.
Don’t be fooled into the headlines some people are writing about HTC’s results. I saw one...

HTC has announced its unaudited consolidated revenue for Jan. 2013, starting the year off with a 6.4 percent fall in revenue compared to Jan. 2012. In the first month of 2013, the Taiwanese manufacturer brought in NT$15.54bn ($530m), compared to NT$16.615bn ($560m) during the same period a year ago.
The announcement follows the posting of the company's Q4 2012 results, which showed a 41 percent...

HTC has released its unaudited October 2012 financial results, showing a year-on-year fall in revenues of 60 percent. Last month the Taiwanese phone maker brought in NT$17.2 billion ($588 million), down from NT$44.114 billion ($1.5 billion) during the same period in 2011.
For the year to date, HTC reported total unconsolidated revenues of NT$246.2 billion ($8.4 billion).
Today's news follows...

Sprint today confirmed that they're discussing a "substantial investment" by Japan's Softbank and that "such a transaction could involve a change of control of Sprint". Nothing has been nailed down just yet, but that's still a very spicy possibility. Here is Sprint's statement in full.
"Sprint (NYSE: S) today confirmed that it is currently engaged in discussions with Softbank regarding a...

Motorola has been undergoing significant "restructuring" for awhile, and Google recently said that even more than expected. Google increased the estimated cost of severance-related charges from $275 million to $300 million for the third quarter, and that another $40 million in facilities costs were possible. Google addressed these changes in a statements.
"Motorola has continued to refine its...

Samsung shares dropped 7.5% today following the patent case ruling in Apple's favor late last week. While Samsung has been ordered to pay $1.05 billion to Apple, the real damage looks like it will be the $12 billion in market value lost. Meanwhile, Apple's trading jumped from $663 to $679 over the weekend. Ouch.
Samsung has already voiced their displeasure with the ruling and vowed "We will...

AT&T posted their second quarter 2012 financial results today. 5.1 million smartphones were sold; subtract the 3.7 million iPhone activated, and you should get a pretty clear idea of how many Android devices were sold. There were 1.3 million net subscribers added. Here are the broad strokes.

Samsung is all set to announce their quarterly results by July 27th but following somewhat of a tradition for Samsung, they've gone ahead and released some expected numbers ahead of the full announcement.
Over the years, Samsung has been known to break a few records here and there and clearly they're not expecting this time around to be any different as they offer up a operating profit estimate...

HTC may be riding a wave of good publicity following the launch of the One X and One S, but things aren't looking quite so rosy on the financial side. The Taiwanese manufacturer released its unaudited financial results for the first quarter of the year today, showing of NT$67.8 billion (~$2.3 billion), down from NT$104.2 billion (~$3.5 billion) for the same quarter last year -- a 35% drop....

HTC has published its unaudited February 2012 revenue numbers, which show that the company made NT$20.294 billion (~$688 million) last month. The figure represents a 36.79% year-on-year drop for the manufacturer, but is a step in the right direction from the 52.55% year-on-year drop in January. HTC made NT$3.679 billion (~$125 million) more in February than it did in January, a 22% increase in...

While the message out of HTC following yesterday's Q4 financial results focused on “short-term difficulties” and “product transitioning”, the company offered more detailed information on future strategy in its conference call. Looking back on a disappointing quarter, HTC CFO Winston Yung conceded that the company had “dropped the ball on products,” singling out its LTE devices, particularly in...

HTC has published its final Q4 2011 financial results, confirming the 2.49% year-on-year slip in earnings revealed in last month's unaudited numbers. In the fourth quarter of last year, HTC brought in NT$101.42 billion, down from NT$104 during the same period in 2010. There was also a gloomy outlook for the first quarter of 2012, with projected revenues of NT$65-70 billion (down from NT$104.16...

Sony Ericsson's financials for Q4 2011 were announced today, and they look pretty rough. They lost 207 million Euros in the quarter (roughly $270 million), and 247 million Euros for the full year. They attribute the loss to "intense competition, price erosion and restructuring charges," or in other words, moving everything into Sony's offices as part of the acquisition. Apparently a natural...

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